Madrid president: €60m Falcao can leave in January

Atletico Madrid president Enrique Cerezo has confirmed that a bid of €60 million will be enough to land Radamel Falcao in January.

The Colombian striker has earned himself a reputation as one of Europe’s most feared strikers since he arrived at Porto in 2009, with his goals firing the Portuguese side to a four-trophy haul in 2010/11 including the Europa League, before he secured a big money move to Madrid last year.

Chelsea and Manchester City have been heavily linked with a move for Falcao in recent months, while Paris Saint-Germain are also believed to be interested.

Manchester City boss Roberto Mancini watched him play in Madrid’s victory over Malaga before the international break while Chelsea got a closer look at the 26-year-old when he bagged a hat-trick against them in the Super Cup.

Falcao is believed to have a €60 million release clause written into his current contract, and Cerezo confirmed the club would be powerless to do anything if a bid from either Chelsea or Manchester City came during the winter window.

"If a club turns up with the money to pay his release clause, hand over the money, and the player agrees to the deal, then he won't even have to bid his farewells, he'll be off,” he told Telemadrid.

“I don't think it's really worth discussing, it's something that could happen, but I think that Falcao is a very decent guy and he knows what contracts mean, he knows what the situation is and he knows he is in a club that love him, and he loves being here and scoring goals for us.

“He is very happy here and unless he changes his mind, he will remain an Atlético Madrid player," he added.

Both Chelsea and Manchester City have the financial clout to make an offer of that size, although negotiations could be complicated by the presence of Falcao’s third party owners.

Falcao was bought by Madrid using the money the Citizens paid for Sergio Aguero – some of which is believed to still be owed to Porto. UEFA recently reprimanded Madrid for outstanding transfer payments and tax liability amongst other factors, so a deal is unlikely to be straight forward.

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